2022 New Training Course 1Z0-1054-21 Tutorial Preparation Guide
Dumps of 1Z0-1054-21 Cover all the requirements of the Real Exam
NEW QUESTION 62
Which two types of journals can be automatically routed through the journal approval process
- A. Journals imported from third-party systems
- B. Revaluation journals
- C. Manual journals
- D. Sub ledger journals
- E. Allocation journals
Answer: A,C
NEW QUESTION 63
After Loading your ledger data into General Ledger cloud, you can view budget balances using those features. Which feature does not belong on list?
- A. Account Inspector
- B. Account Monitor
- C. Application Development framework Desktop Integration Budget Balances Report
- D. Smart View
Answer: C
NEW QUESTION 64
you need to define a chart of accounts includes a intercompany segment. Your customer plans to use segment value security rules for the company segment. What is Oracle's recommended method to define this chart of accounts?
- A. Define the company segment only and qualify it as both primary balancing segment and intercompany segment.
- B. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
- C. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
- D. Define Two Different Chart of Accounts
Answer: C
NEW QUESTION 65
our Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three)
- A. Smart View
- B. OTBI
- C. Account Monitor
- D. Account Inspector
- E. Sunburst Report
Answer: A,C,D
NEW QUESTION 66
Your ledger currency is USD. At month end you have a balance on the Accounts Payable Line of 100,000 Euros which is equivalent to USD 136,550 The month end exchange rate Is 1 Euro = 1.3755 USD What two statements are true for the resulting revaluation run?
- A. You have an unrealized exchange gain recorded.
- B. The original Journal entry in Euros remains the same.
- C. You have an unrealized exchange loss recorded.
- D. The original journal entry in Euros is Updated,
- E. There is no unrealized exchange gain or loss calculated
Answer: B,C
Explanation:
at the time of transaction its 136550 whereas at the time of revaluation run the exchange rate is high and there is loss
NEW QUESTION 67
You want to process multiple allocations at thesame time. What feature do you use?
- A. Point of View (POV)
- B. Formulas
- C. RuleSets
- D. General Ledger journal entries
Answer: C
NEW QUESTION 68
You entered a journal and theclient is asking for the following information:
* The current account balance
* What the future account balance will be if the journal is approved and posted How will you get this information?
- A. Run a Trial Balance before and after posting
- B. View the Projected Balances region in the Create Journals page
- C. Query the account balance online
- D. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
Answer: B
NEW QUESTION 69
You want to enter budget date in General Ledger Cloud, which method is not supported?
- A. Entering Budget Journal
- B. Application Development framework Desktop Integration (ADFdi)
- C. File-based Data import
- D. Direct budet balance updaes from a Financial Stement in smart view
Answer: A
NEW QUESTION 70
You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business.
As a consequence, you need to manage your business in a morestable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?
- A. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency
- B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
- C. Run Revaluation to translate into Statistical Currency
- D. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances
Answer: B
NEW QUESTION 71
Most of the accounting entries for transactions form your source system use TRANSACTION_AMOUNT as a sourceof the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
- A. JournalEntry
- B. Journal Entry Rule Set
- C. Journal Line Rule
- D. Event Class
- E. Event Type
Answer: C
NEW QUESTION 72
What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)
- A. When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the extent of the unreceived amount
- B. The requisition reserved successfully undergoes amendment and is rejected in the reapproval
- C. When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount
- D. The purchase orderis canceled or finally closed or rejected without performing any receipt or invoice
Answer: A,D
NEW QUESTION 73
When creating financial Reports which two tools use data from the General Ledger Balances Cube?
- A. Smart view
- B. Financial Reporting Center
- C. Financial Reporting Studio
- D. Oracle Financial Statement Generator
Answer: A,C
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/20b/occar/introduction-to-financial- reporting.html#OCCAR513446
NEW QUESTION 74
How can your Accounting Manager expedite journal processing during the time-critical month-end close?
- A. by using the Journals region to view journals Requiring Attention, RequiringApproval, and Pending Approval from Other
- B. by running the Journals report using Business Intelligence Publisher
- C. by using the Close Status monitor to drill down on the close status across ledgers
- D. by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)
Answer: A
NEW QUESTION 75
Your client has been using Budgetary Control for six months. Now, they want to use the: spend Authorization After opting in the new feature Spend Authorization with Budgetary Control, what additional field actions need to be accomplished to activate this feature? .
- A. Enable spend authorization
- B. Enable Payment Request Subtypes
- C. Rebuild the GL Balances Cube
- D. Create a Payment Process Profile
- E. Rebuild the Budgetary Control Cube.
Answer: A,B,E
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/20d/faiex/spend-authorizations.html#FAIEX3340225
NEW QUESTION 76
You want to define an allocation rule where segment values are constants for rules and formulas. Whatshould you do?
- A. Only specify segment values in formulas
- B. Specify Run Time Prompts (RTP)
- C. Never use the Outer Point of View (POV)
- D. Always use the Outer Point of View (POV)
Answer: D
Explanation:
Explanation
A Point of View is used to define dimension values that remain fixed throughout the entire allocation rule. For example, assume a chart of accounts includes a segment for future use. The Point of View fixes the value to be the default value so that the dimension value does not have to be selected while defining the source, basis, target, offset, or allocation range
NEW QUESTION 77
The Budget Manager specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the budget Account Monitor Page?
- A. Account Group
- B. Budget Account Group
- C. Application Development Framework Desktop Integration (Adfdi)
- D. Budget Controller
- E. Budget Group
Answer: B
NEW QUESTION 78
Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, the customer wants to have three balancing segments. Which two recommendations would you give your customer? (Choose Two)
- A. Every Journal where debits do not equal across the three balancing segments will result in the system generating extra journal lines to balance the entry.
- B. When entering Journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance is journal.
- C. Define Leger balancing options to balance by second and third balancing segments.
- D. Additional intercompany rules will need to be defined for the two additional balancing segments.
Answer: B,D
Explanation:
Maintain Segment Value Attributes
Segment Labels: Explained
Segment labels identify certain segments in your chart of accounts structure and assign special functionality to those segments. Segment labels were referred to as flexfield qualifiers in Oracle E- Business Suite (EBS). Best practice is to assign each segment label one time within the chart of accounts structure. Here are the segment labels that are available to use with the chart of accounts structure.
Caution: Validations are not performed when segment labels are assigned, so verify that all are assigned correctly before using your chart of accounts.
Balancing
Ensures that all journals balance for each balancing segment value or combination of multiple balancing segment values. You can secure access to your primary balancing segment values only with data access sets. The general ledger application automatically calculates and creates balancing lines as required in journal entries. For example, recognizing an entity's receivable and the other entity's payable. There are three balancing segment labels: primary, second, and third balancing. The primary balancing segment label is required
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20374/F484498AN122FA.htm
NEW QUESTION 79
You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?
- A. Journals Reports
- B. Account Analysis Reports
- C. Aging Reports
- D. anOnline Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
Answer: B
NEW QUESTION 80
You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree
- A. It is fine to have the same child value roll up to two or more different parent values
- B. You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes
- C. The tree should have at least two tree versions to reduce report and allocation maintenance
- D. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes
- E. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI)
Answer: A,C,D
Explanation:
Recommendations To avoid maintenance efforts when more hierarchies are published, it is recommended for you to follow these recommendations: Create two tree versions of the same tree before creating any financial reports or allocations to force the fully qualified name to be generated.
Keep the two tree versions in sync always to guarantee fully qualified names are used in financial reports and allocations. Use the same tree version names over time to avoid breaking your reports or configurations. Use different hierarchies if you have requirements to roll the same child to more than one parent. The initial configuration steps must be completed before the definition of any financial reports, allocation rules, or Smart View queries
https://docs.oracle.com/en/cloud/saas/financials/20b/faigl/financial-structures.html#FAIGL777254
NEW QUESTION 81
What is most efficient way to add a new year to the accounting calendar?
- A. Import the periods from a spreadsheet
- B. Add the periods manually
- C. The Application automatically populates the year when you open the first period of a new fiscal year.
- D. Use the Add Year button
Answer: D
NEW QUESTION 82
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